Loans & Secured Financing 2021
Jurisdictional pros and consWhat are the primary advantages and disadvantages in your jurisdiction of incurring indebtedness in the form of bank loans versus debt securities?>>🔗
According to Egyptian law, the interest on bonds is exempt from income tax, provided that said bonds are registered with the Egyptian Exchange (EGX). Unlike bonds, interest paid in relation to banking loans is subject to income tax or withholding tax. If offshore banks provide the loan, there is an applicable withholding tax of 20 per cent subject to any double-taxation treaty. Nevertheless, interest payments are exempt from withholding tax if the loan tenor is at least three years.
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